Bruce is always right.
AAPL could fly to 102 this week lol
Yes but why not hedge incase, what is preferred gets all back and common shares get like 2-5. I may even bring my position to 60/40 preferred.
1. You still get almost 1000% upside in some preferred shares.
2. Yes commons have more potential but what if only preferred survive.
3. If New company is formed preferred will most likely convert to New commons.
I'm long both and used this sell off to balance 50/50 in commons vs preferred just incase the unthinkable happens. Gov has smaller chance of destroying the preferred shares.
Does anyone know the true number of shares outstanding or market cap? Are they still having problems with IR shorting? I don't see any huge volume days anymore. This company does have real assets so what gives?